Summary by Futu AI
Rivian Automotive, Inc. CEO Robert J. Scaringe completed a transaction involving the sale of 83,333 shares of Class A Common Stock on September 23, 2024. The shares were sold at a price of $11.6351 per share, resulting in a total market value of approximately $969,587.79. Prior to this sale, Scaringe exercised options to acquire the same number of shares at $2.6282 each. Following the transactions, Scaringe directly holds 886,526 shares of Rivian Automotive. The transactions were executed directly and are reported as completed.